Toronto and New York-listed Triple Flag Precious Metals posted lower Q3 revenues and metal sales, an early indication of pressures faced by similar royalty firms.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Index futures moved slightly higher following release of September U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.3% in August. Actual was unchanged. Excluding auto sales, consensus was an increase of 0.1% versus a drop of 0.3% in August. Actual was...Read More
Sherritt International (TSX: S) has entered agreements with its Cuban partners to settle $362 million of total outstanding receivables over five years, beginning Jan. 1, 2023. The agreements, known as the "cobalt swap," would allow the Moa joint venture in Cuba to prioritize dividend payments in the form of finished cobalt to each partner, and each partner's share of these cobalt dividends will be...Read More
Shares in Wesdome Gold Mines (TSX: WDO) shed nearly 11% of their value on Friday after the company reported production was down nearly a quarter from a year ago, while conditions at its Kiena mine in Quebec are challenging. Third-quarter output of 22,883 oz. gold was 16% less than the same quarter a year ago and 22% less for the first nine months of this year compared with the same period in 2021...Read More
Regulus Resources (TSXV: REG; OTC: RGLSF) has secured a US$5 million investment from Osisko Gold Royalties in exchange for a net smelter return (NSR) ranging from 0.125% to 1.5% on certain claims of the company's AntaKori project, as well as a right (currently held by Regulus) to buy back a 1% NSR from a third party on certain AntaKori claims.AntaKori is a copper-gold-silver project located in t...Read More
Vale (NYSE: VALE), the world's largest iron ore and nickel producer, has opened the first phase of a $945 million expansion at its Copper Cliff Complex South Mine in Sudbury, Ont.The project's initial expansion is expected to nearly double ore production at the operation, adding about 10,000 tonnes of low-carbon nickel and 13,000 tonnes of copper production per year."The materials that we're min...Read More
Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR) said on Friday it will vote against Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.The activist investor said that Rio's bid not only undervalues the target, but it also intends to take advantage of the "material g...Read More
The world will need to produce 11.2 million tonnes of lithium carbonate equivalent (LCE) by 2050, or 20 times 2021 output, to meet growing demand from automakers and energy storage applications, new data from Benchmark Mineral Intelligence (BMI) shows.By that time, the bulk of demand would come from energy storage applications, accounting for about two-thirds of the battery market.In the nearer te...Read More
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has begun commissioning of the black mass recycling demonstration plant at its battery materials park located north of Toronto following the successful installation of material feed handling and lime delivery systems, two key circuits in Electra's hydrometallurgical process designed to recycle end of life lithium-ion battery materials.Electra is...Read More
Lithium prices continue to hold near historic highs, even in the face of an anticipated global recession. Spot prices for both lithium carbonate and hydroxide are now hovering around US$70,000 per tonne, and prices are expected to remain high through 2024 or longer. In an early October report, Bank of America analysts forecast demand for the energy metal will grow by 20% on a compound annual ba...Read More
Canada's Marathon Gold (TSX: MOZ) has begun early site works at its proposed Valentine open-pit gold mine in central Newfoundland after satisfying pre-construction environmental assessment conditions.The project is expected to see full mobilization by early 2023, the first ore to the mill at the end of 2024, and a production ramp-up during the first fiscal quarter of 2025.Valentine is considere...Read More
Developer Marimaca Copper (TSX: MARI; US-OTC: CROJF) has released an updated resource estimate for its namesake project in the Antofagasta region of northern Chile, confirming it as one of the biggest copper discoveries of the past 10 years.The Vancouver-based company reports a 98% increase in the measured and indicated resource tonnage of the Marimaca Oxide Deposit (MOD). It entails 139.6 million...Read More
The latest reports from S&P Global Commodity Insights confirm an overall downward trend, with the market intelligence firm's Pipeline Activity Index (PAI) falling to a 20-month low in August.In its State of the Market Q2 report, S&P said the downtrend has been roughly correlated with a steady downtrend in mining equities since March."We anticipate exploration activity levels to continue cooling in...Read More
Collective Mining (TSXV: CNL; US-OTC: CNLMF) shares rose almost 10% Wednesday as the company announced the "most cumulative mineralization in drill holes completed to date" in the high-grade, copper-gold-silver porphyry-related Main Breccia discovery at its Guayabales project in Colombia.Guayabales is located in the historic Colombian gold mining department of Caldas, about 300 km inland from Barr...Read More
Thesis Gold (TSXV: TAU; OTC: THSGF) says the first metallurgical tests on samples from its Ranch project in north-central British Columbia's Golden Horseshoe have a gold recovery rate of between 90% and 98%. The company believes the property could produce high-grade gold concentrates using low-cost conventional extraction methods.The tests were carried out on composite core samples from the Bonanz...Read More
Uranium Energy (NYSE: UEC) has agreed to purchase 100% of the Roughrider project for $150 million from Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO). Rio will receive $80 million in cash and $70 million in Uranium Energy stock.The Roughrider uranium project is located 13 km west of the McClean Lake uranium mill, about 750 km north of Saskatoon, Sask. It has a historic resource of 58 million lb. uraniu...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing up to $515 million over the next eight years to decarbonize its Fer et Titane (RTFT) operations in Sorel-Tracy, Que. and to help diversify its critical minerals portfolio, while the federal government will contribute up to $222 million to the initiatives.The partnership, worth up to $737 million will support innovations to reduce by up to 70%...Read More
Gatos Silver (NYSE, TSX: GATO) is coming off its best ever quarter of production, with the 70%-owned Cerro Los Gatos mine in Mexico producing a record 2.7 million oz. of silver for the three months ended September 30, a 59% increase over the third quarter of 2021.Zinc production of 17.8 million lb. and lead production of 12.2 million lb. were also record highs, up 32% and 13% respectively from th...Read More
We spoke with Donald Bubar, who is a Professional Geologist and CEO of Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLNF), a Canadian mineral development company, specializing in sustainably produced materials, for clean technology. The Company now has four advanced stage projects, providing investors with exposure to; lithium, tin and indium, as well as rare earth elements; tantalum, cesium...Read More
Wall Street Silver, Released on 10/15/22Gregory Mannarino joins us today to explain why he believes raising rates is ineffective. Furthermore, we talk about how central banks worldwide are purposely killing their currency, Central Bank Digital currency, The Bond market, and more.Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before t...Read More